A&b Agreement With Mahi Pono Launches New Era Of Agriculture On Maui

by benzinga.com posted 1year ago 74 views
HONOLULU, Dec. 20, 2018 /PRNewswire/ -- Alexander & Baldwin (A&B) (NYSE:ALEX) today announced an agreement that will launch a new era of agriculture on Maui. The agreement provides for the sale of the former Hawaiian Commercial & Sugar Company lands to Mahi Pono LLC (Mahi Pono) for purposes of cultivating a variety of food and energy crops, ensuring the continued agricultural use of these lands, the preservation of green, open space in Central Maui, and a consistent and long-term source of revenue for the local economy.

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